This article explains how to use the Internal Transfer feature.
It can be accessed in Transactions/More Actions/Internal Transfer.
Remark:
- This feature can only be used if you have more than one account per block
It allows you to quickly move money from one account to the other by creating debit and credit bank transactions accordingly. At the same time both transactions are automatically reconciled against a ledger item.
Please see the example below:
Once create is pressed following things will happen:
1. On the bank account 'Internal Transfer' system will create a debit bank transaction for £150 and reconcile it against ledger item with category Inspection Report.
2. On the bank account 'Internal Transfer 1' system will create credit bank transaction for £150 and reconcile it against ledger item with category Sinking fund.
3. Descriptions and references of all bank transactions and ledger items with be 'Internal Transfer' and 'INT-TR'